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Essay / Research Paper Abstract
This 15-page paper analyses the similarities between investment banker/broker Dennis B. Levine of Drexel Burnham and televangelist Jim Bakker. The paper provides a brief description of both men and their illegal activities, while comparing the similarities of their activities as well. Bibliography lists 10 sources.
Page Count:
15 pages (~225 words per page)
File: D0_MTlevbak.rtf
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Unformatted sample text from the term paper:
-- interesting fashion statements, a Ronald Reagan presidency, people amassing almost obscene amounts of wealth, and the downfall of some of these people. The 1980s saw several stories of
people rising to the top only to fall again. This paper will discuss two such people -- Dennis Levine, the inside trader
who amassed millions, then caused the demise of investment house Drexel Burnham Lambert, Inc.; and Jim Bakker, the charismatic preacher and founder of the Praise The Lord club, an organization
that was also forced to declare bankruptcy in the wake of Bakkers actions. We will examining both of these men separately, then
discuss comparisons between these two. Although both Bakker and Levine worked in different industries, they shared one thing in common; namely their greed drove them to justify their actions and
why they did the things they did. One main similarity between the preacher and the investment expert was that they believed they were owed wealth, and did whatever they
could to amass riches and material possessions. LEVINE, BACKGROUND AND DREXEL BURNHAM In the wake of Enron, WorldCom and Global Crossing, the
insider activities by people such as Dennis B. Levine of Drexel Burnham Lambert during the 1980s can be considered quaint part of business history. However, Levines activities, according to many
experts, were little more than an outgrowth of the so-called merger-mania of the 1980s (New York Times, 2002). These days, almost everyone in the business community who knows anything about
history is familiar with Levine and his partners and accusations of illegal insider trading based on information he obtained while on the job (New York Times, 2002). But as is
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